House Oversight Committee- Biden family money laundering & foreign shakedown thread

[Caculator]

I do because if the cash is removed and only a record remains then the defense is where's the money.... Or prove the money every existed and isn't just numbers in a ledger

Biden asked "where is the money" when a reporter asked him about the allegations. He seemed to be confident the funds were hidden.

 

[Caculator]

How does freezing assets preserve evidence?

It is obvious.

 

[hog88]

I do because if the cash is removed and only a record remains then the defense is where's the money.... Or prove the money every existed and isn't just numbers in a ledger

Come on woody. When you deposit money into your bank account they don't put the physical cash in Woody's little bin waiting for you to make a withdraw. It's all digital and those records remain.

 

[hog88]

It is obvious.

Then it should be easy for you to it explain it to me.

 

[whodeycin85]

So if I launder 10 million dollars, I should have access to dispose of every penny so, what happens when I'm found guilty??? I got to jail for a lil bit but got to hide and spend 10 million..

 

[Caculator]

Then it should be easy for you to it explain it to me.

Not a matter of ease, I'll leave it to you to speculate why.

 

[whodeycin85]

Come on woody. When you deposit money into your bank account they don't put the physical cash in Woody's little bin waiting for you to make a withdraw. It's all digital and those records remain.

True... I'll give ya that...i get what your saying... Just seems like there is no crime if the evidence is allowed to be disposed of... Criminals don't get convicted because evidence is miss handled... But now when don't seize evidence

 

[hog88]

So if I launder 10 million dollars, I should have access to dispose of every penny so, what happens when I'm found guilty??? I got to jail for a lil bit but got to hide and spend 10 million..

Once you are convicted then the government can go after it, once you get out of prison the government can levy your income. If you transferred it to someone else they can go after them.

 

[hog88]

Not a matter of ease, I'll leave it to you to speculate why.

So you got nothing.

 

[Caculator]

So you got nothing.

You certainly don't.

 

[whodeycin85]

Once you are convicted then the government can go after it, once you get out of prison the government can levy your income. If you transferred it to someone else they can go after them.

What's there to go after is is all gone

 

[hog88]

True... I'll give ya that...i get what your saying... Just seems like there is no crime if the evidence is allowed to be disposed of... Criminals don't get convicted because evidence is miss handled... But now when don't seize evidence

The physical cash/assets isn't really the evidence, the evidence is the records of that cash/assets.

 

[hog88]

What's there to go after is is all gone

It had to go somewhere.

 

[whodeycin85]

The physical cash/assets isn't really the evidence, the evidence is the records of that cash/assets.

But records can be faked, and if I have records showing a certain about obtained and that amount is not there.. That's reasonable doubt

 

[hog88]

But records can be faked, and if I have records showing a certain about obtained and that amount is not there.. That's reasonable doubt

The bank/financial institution will have records.

 

[Caculator]

It had to go somewhere.

That is why a freeze is applied. The money stays in the place the warrant described until it can be properly investigated.

 

[SpaceCoastVol]

How does freezing assets preserve evidence?

Well that's pretty obvious really. If they don't freeze it, it disappears into shell companies. See Joe Puddinhead and clan

 

[whodeycin85]

The bank/financial institution will have records.

Records can be faked.... But records showing money not actually accountable is give reasonable doubt

 

[SpaceCoastVol]

Records can be faked.... But records showing money not actually accountable is give reasonable doubt

They don't have to be faked. That is what money laundering is all about.

 

[hog88]

That is why a freeze is applied. The money stays in the place the warrant described until it can be properly investigated.

Again, why does it need to stay in place to be investigated?

 

[BowlBrother85]

So if I launder 10 million dollars, I should have access to dispose of every penny so, what happens when I'm found guilty??? I got to jail for a lil bit but got to hide and spend 10 million..

That depends on what the source of the funds was. Are you familiar with the case of the Knoxville "party mom?" Her name is Leslie Janous .... she embezzled millions from ScanCarbon. She lost her house and cars ... including the Mercedes that she bought for her 15 year old daughter.

 

[hog88]

Well that's pretty obvious really. If they don't freeze it, it disappears into shell companies. See Joe Puddinhead and clan

So what? The paper trail remains.

 

[hog88]

Records can be faked.... But records showing money not actually accountable is give reasonable doubt

Again, that money isn't stacked in some vault, it's just a computer record.

 

[whodeycin85]

That depends on what the source of the funds was. Are you familiar with the case of the Knoxville "party mom?" Her name is Leslie Janous .... she embezzled millions from ScanCarbon. She lost her house and cars ... including the Mercedes that she bought for her 15 year old daughter.

Yes but if I'm allowed to have unfettered access to my illegally gotten gains.. all one had to do is get rid of everything or launder it as SPCvol said

 

[whodeycin85]

Again, that money isn't stacked in some vault, it's just a computer record.

But if the record shows no money in the account now it's a he said she said situation.... No body no murder, no weapon, no murder... No money no ill gotten gains